LyondellBasell Q3 net income $758M, EPS $2.32; selling Houston Refining site to Valero unit for $320.5M

LyondellBasell Industries N.V.

• Sales $8.50B vs $7.73B a year earlier; net income $758M ($2.32 per diluted share) versus a $890M loss in Q3 2025.
• EBITDA $1.42B, or $1.51B excluding identified items, versus negative $480M EBITDA a year ago; nine-month diluted EPS $4.42 vs -$1.89.
• Agreed Oct. 29 to sell Houston Refining, L.P. and the former Houston refinery site to a Valero subsidiary for $320.5M; closing expected Q4 2026, subject to regulatory approval.
• Excluding-items EPS $2.54 vs $4.30 in Q2 2026; Q3 identified items include $77M site closure costs and $31M Cash Improvement Plan costs.
• Cash increased about $600M in the quarter, including a planned EUR500M debt repayment; Clinton turnaround completed on time and under budget.